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There is probably genuine concern around cash flows, but I’d frame it to your manager that you’d be willing to align your incentives with the company and instead of the raise, ask for something that is tied to the company’s performance so you can enjoy the upside if the companies weathers the storm and does well. I think it’s only fair.
Nothing is “owed” to you except your regular pay. No one is entitled to raises. Raises are at the sole discretion of the company.
But yea of course it’s a cop out excuse. Or maybe the company really is struggling. Idk their financial situation. But if you’re not happy with that outcome you can look for another job.
Probably both, but it's a good excuse to start looking for new employment
This may because I work in a different field, but in any place I or my partner have worked the raise or bonus is never a given. It is always contingent upon clinic or company performance, in in some small part my own
(Which has never missed the mark). They make a point to communicate that bonuses and cost of living raises are perks and are not “owed.” I’m genuinely curious if this is NOT the case in all fields.
There is considerable uncertainty around these inadvisable economic and trade policies and the obvious incompetence of those in charge. Corporations are feeling it. My agency crushed our numbers in 2024, and our bonuses reflected that, but the April merit cycle featured meager increases, if any. Financial managers are jittery to say the least. BCG1 provides sage advice… try and tie an increase to performance. Bonuses are less daunting to those decision makers than salary increases.
Rising Star
Owed to you? Yeah.... lol
It happens. You could be fired for market conditions as well. I would have the discussion about how this could be made up down the road. If not when the market gets better you can quit. If you don’t trust them at all you should be looking now
It’s probably a little of both to be honest. Not wanting to give you a raise and being concerned about the economy can both be true